Media Focus on Multinational Corporations





Huawei had built next-generation 5G mobile phone network in Monaco, making the sovereign city-state in the French Rivera the first European country to be fully covered by 5G. Frederic Genta, Monaco interdepartmental delegate in charge of the digital transition, for his turn, hailed 'a paradigm change' thanks to 5G mobile phone network based on technology from the Chinese firm Huawei. (China Daily)

Apple Inc. on Tuesday opened its first Design and Development Accelerator in China in its latest drive to tap into the country's growing innovation prowess and vast market. Located in Shanghai's Pudong New District, the project aims to help developers in China implement the latest Apple technologies and distribute their apps to their global customer base. (China Daily)

Mazda Motor Corp. issued a recall in the U.S. to fix a software problem in some of its SUVs and cars that can cause the engines to stall unexpectedly. More than 262,000 SUVs and cars are part of the recall, including certain Mazda6 midsize sedans and CX-5 SUVs from the 2018 and 2019 model years. Also included are Mazda3 small cars from 2019. (China Daily)

Tesla Inc is scrambling to start operations at its Gigafactory in Shanghai to meet ambitious production targets amid rising pressure, as it continues to ratchet up recruitment of talent. On Saturday, Tesla held the third round of recruitment at the Shanghai Pudong job market with a focus on technical staff for Gigafactory 3, an employee at the event confirmed to the Global Times on Sunday. (China Daily) 

Volkswagen Group increased by 1.6 percent in June compared to the same period last year, the company announced on Tuesday. With an increase of 14.2 percent, deliveries of new vehicles developed particularly strong in Volkswagen's largest single market China. China accounted for nearly half of the 542,300 VW cars sold in June. (National Business Daily)


BMW's China arm announced on Wednesday that it has joined hands with telecom operator China Unicom to test autonomous car based on 5G networks. BMW China Automotive Trading and China Unicom has inked a cooperative agreement, under which part of BMW cars sold in China will be connected with 5G signals provided by the telecom carrier starting from July 2021. (National Business Daily)

British Airways announced on Wednesday it will move all its services to Beijing to the newly built Beijing Daxing International Airport. As the first international airline to do so, BA flights from London Heathrow Airport will no longer be going to the airline's current Beijing destination - Beijing Capital International Airport. (National Business Daily)

Alibaba Group Holding's refusal of funding further to Indian e-commerce platform Paytm Mall should not be over interpreted as it is an understandable adjustment of investment strategy. Alibaba owns a 46-percent stake in Paytm Mall, US-based financial news site reported on July 3, citing a report by Forrester Inc. Without a proper logistics network and overly relying on heavy discounting, the biggest e-commerce platform in India has seen massive losses recently. (National Business Daily)


AT&T said Tuesday it will start to automatically block robocalls and alert customers of suspected spam calls for free. The company already offers a “Call Protect” service, but customers have to manually opt-in. Now AT&T customers will be automatically enrolled, the company announced. (Global Times)

With the approval of the State Council, China's cabinet, the state-owned China Silk Corp merged with China Poly Group as a whole without payment. Media reports said that it is the second major state-owned enterprise (SOE) capital restructuring case so far this year. The total number of SOEs in China has been reduced to 96 so far. (Global Times)

Hotel chain Marriott is expected to be fined $123 million by the United Kingdom’s Information Commissioner’s Office (ICO) after a massive data breach.The hotel chain released a statement Tuesday saying it would contest the fine. The company also said it will “vigorously defend its position.” (Global Times)